Use this free Ghana mortgage calculator to estimate your monthly home loan repayment based on real 2026 bank rates. Enter your property price, deposit, and loan term — then compare GHS and USD options side by side. Rates covered include Republic Bank (18%), Absa Standard (22%), Absa Construction (23%), the NHF scheme (13.5%), Ecobank USD (10.5%), and Republic USD (11.5%). Drag the sliders or click any value to type your own figure.
What these numbers mean
Ghana’s commercial GHS mortgage rates still run between 19% and 28% annually, even after the Bank of Ghana cut its policy rate to 14% in March 2026. At 22% over 20 years, you’ll repay roughly three to four times what you borrowed. Look at the total repayment figure, not just the monthly payment — that’s the real cost of the loan.
If your income is in USD — diaspora buyer, foreign employer, or USD-denominated salary — a dollar mortgage is a different calculation entirely. At 10.5–11.5%, the cost of borrowing drops sharply. At those rates, a well-priced investment property can cover its own repayments from gross rental yield alone. If your income is in GHS and you’re buying to live in, the maths is harder.
Use this calculator to estimate. Confirm with the lender before you commit. Rates change, fees vary, and the figure your bank quotes will differ from this tool. What it gives you is the right order of magnitude — enough to know whether the conversation is worth having.
Frequently asked questions
What mortgage rates do Ghana banks offer in 2026?
GHS rates range from 13.5% (NHF) to 23% (Absa Construction). USD rates run 10.5–11.5%. The Bank of Ghana policy rate is 14% as of March 2026, but commercial lending rates remain well above that due to Ghana’s inflation premium.
What is the NHF scheme and who qualifies?
The National Housing Fund (NHF) is a government-backed mortgage at 13.5% — the lowest rate available in Ghana. It is open to Ghanaian citizens who have contributed for at least six months, administered through the Home Finance Company (HFC). The maximum loan is capped, making it best suited for lower to mid-range purchases. Processing is slower than commercial banks.
What is the difference between Absa Standard and Absa Construction mortgages?
Absa Standard (22%) is for buying a completed property. Absa Construction (23%) is for self-build projects or completing an unfinished structure. The construction rate is slightly higher because an incomplete building carries more lender risk. Drawdowns are staged against construction milestones rather than paid as a lump sum.
Why are USD mortgage rates lower than GHS rates in Ghana?
USD rates (10.5–11.5%) do not carry Ghana’s inflation premium. GHS rates are priced above inflation to protect the lender’s real return. The borrower’s risk with a USD mortgage is currency exposure: if the cedi depreciates against the dollar, your repayment burden in cedi terms increases.
How much deposit do I need for a mortgage in Ghana?
Most banks require 15–20% down. Some pension-backed products, such as Ecobank’s Tier 3 scheme, allow lower deposits with qualifying pension savings. A larger deposit reduces your loan-to-value ratio and can improve the rate offered.
Can diaspora buyers get a mortgage in Ghana?
Yes. Several banks offer USD and GBP mortgages for diaspora buyers at 10.5–11.5%. The repayment term cannot exceed age 60 for Ghana residents or 66–67 for UK and US residents. Proof of income from abroad is typically required.
What does this calculator not include?
Lender arrangement fees, mortgage insurance, stamp duty, property valuation fees, and variable rate adjustments are not included. Always confirm the full annual percentage rate (APR) with your lender before applying.
Is a GHS mortgage worth it at current rates?
At 20–23% over 15–20 years, total repayments are typically 3–4 times the original loan. Whether it makes sense depends on your income currency, the property’s rental yield potential, and whether you are buying to live in or invest. Run the numbers with this calculator using your actual figures before speaking to a bank.
